Cash App Settlement Payment Date 2025: When can you expect to get it?

Cash App has reached a settlement of $15 million (approximately Rs 125 crore) as a result of a breach of security for customers affected by the data fraud incident between 23 August 2018 and 20 August 2024. The case received the final approval of the Northern District Court of California on 13 January 2025.

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When would the payment be received?

After filing a valid claim for this settlement before the deadline of 18 November 2024, one will be left waiting for payment. After the court approves it, the settlement administrators will start preparing payment processes, including investigating claims, computing, and developing methods of payment.

Payment will be made according to the preference indicated by the claimant. This will usually take 90 to 180 days from court approval to implement. The majority of claimants are anticipated to receive payments by late 2025.

What happens in the event of an appeal?

If someone appeals this settlement in court, the whole payment process is likely to be halted until then the next step will be forthcoming after the decision of the court.

Full settlement amount and disbursement classification

• Amount of settlement fund: USD 15 million
• Maximum payment per individual: USD 2500 (for out-of-pocket losses)
• Loss of time: Up to USD 25 per hour
• Loss of transaction: Full payment if the claim is made with appropriate evidence
• Deadline for claims: 18 November 2024
• Modes of Payment: Electronic and Paper Checks

Who’s qualified?

This payment will be applicable to customers fulfilling the below-listed conditions:

• Had or have a Cash App or Cash App Investing account.
• Whose information was compromised as a result of a Cash App data breach?
• Fraudulent deduction of money from their account, or technical errors.
• Generally, those who filled out the claim form on time and did not fill out the exclusion from

How much money can you get?

• Out-of-pocket loss: In case you incurred an out-of-pocket expense due to some trouble associated with this data breach (such as changing banks, buying security services, etc.), you can claim it up to a maximum of $2500.
  
• Loss of time: Maximum of 3 hours at $25 per hour, i.e., up to $75 if you lost time due to the data breach.
  
• Loss of transaction: If any transaction-related loss happened from your account, you must have provided proof of it in the claim form, and you might get the amount back too.

What are the payment methods?

You will receive payments through the same medium you indicated in your claim form. These methods are:

• Zelle
• Virtual prepaid card
• Venmo

Physical check Article should contain good quality links to your commercial sites or affiliate links for cross-referencing, which is expected to generate more traffic for your sites. Otherwise, in the case of failure of electronic payment for any reason, the administrator will find your valid address and send you a check. Make sure it is cashed within 90 days of receiving the check.

What to do if your information has changed?

If your address, email, or any other information has changed after filling out the claim, report that to the administrator immediately. Failure to do this will prevent payment.

Contact Method

• Phone: 1-866-615-9740
• Mailing Address: Cash App Security Settlement Administrator 1650 Arch Street, Suite 2210 Philadelphia,
• PA 19103 Website: https://cashappsecuritysettlement.com

Conclusion

The Cash App Settlement is a golden chance for consumers adversely impacted by the data breach. If you have filed within the deadline and satisfied all requirements, you should expect to receive payment by the end of 2025. It is advocated to keep one’s information updated and check regularly on the official settlement website to avoid any issues.

FAQs